Global perspectives on Peer-to-Peer, Community Self-Consumption & Transactive Energy Models

With increasing global concern about the impact of climate change, there is a need to empower energy citizens to contribute to the energy transition through more active participation. Different energy exchange mechanisms exist, and some of the most important ones are peer-to-peer (P2P), Community Self-Consumption (CSC) and Transactive Energy (TE). Stakeholders such as consumers, producers, technology providers, policymakers, and academics are very active these days. Still, there is a lack of consensus on the terms P2P, CSC, and TE, and there’s also a lack of communication among these stakeholder bodies. The Global Observatory on P2P Energy Trading (GO-P2P) has taken an initiative to develop an observatory on this task to define these concepts and minimise the gaps in the real-field practices. This article will discuss the ongoing work of GO-P2P where the physical, ICT, market, socio-economic, policy and regulatory layers on these models are being explored in detail to ensure a horizontal and vertical integration across the layers and the parties involved. Some of the key findings will be outlined here with a recommendation for the next steps.